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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. Determining whether you qualify: Many cash-out refinance lenders require a credit score of at least 620 and at least 20 percent equity in your home. Using the cash out for home improvements is a more prudent use.”

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How To Get A Personal Loan In 8 Steps

Savings Corner

The steps may vary depending on whether you’re looking for debt consolidation loans , home improvement loans, medical loans or wedding loans. They may ask for copies of utility bills, lease or rental agreements, property tax bills or credit card statements as proof of address.

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